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US weekly jobless claims tumble to new pandemic-era low of 385,000

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The number of Americans filing for unemployment insurance sank to another pandemic-era low last week as the labor market’s recovery charged forward.

Jobless claims totaled an unadjusted 385,000 last week, the Labor Department said Thursday. The median estimate from economists surveyed by Bloomberg was for 387,000 initial claims.

The count marks a fifth straight decline for weekly filings and again places weekly claims at their lowest point of the pandemic. It’s also the first time weekly claims have fallen below 400,000 since COVID-19 ensnared the US economy. The prior week’s count was revised to 405,000 from details ⇒

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